PayPal spends US$169m on risk management firm

The value of the sale is about US$169m. Fraud Science’s risk tools and analytics will be used to enhance eBay’s and PayPal’s proprietary fraud management systems.

Fraud Sciences’ ground-breaking technology differentiates between real and fraudulent transactions with unprecedented accuracy, according to the Tel Aviv-based firm.

“Integrating Fraud Sciences’ risk tools with PayPal’s sophisticated fraud management system should allow us to be even more effective in protecting eBay and PayPal’s hundreds of millions of customers around the world,” commented Scott Thompson, president of PayPal.